Supply chain solutions provider Gati Ltd today reported a net loss of Rs 7.79 crore for the quarter ended September 30.

The company had a net profit of Rs 4.5 crore in the same period a year-ago, the company said in a filing to the BSE.

“Exceptional items comprise of loss on sale of an old cargo ship,” it added.

Total income for the period fell by 7.1 per cent to Rs 298 crore from Rs 321 crore in the same period a year ago.

Gati also informed the BSE that the board at its meeting held last week gave approval to the appointment of P. N. Shukla as an Additional Director under the category of independent and non-Executive Director with effect from October 19, 2012.

The shares of the company were trading at Rs 36 on the BSE, down 2.57 per cent from its previous close.

(This article was published on October 23, 2012)
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